China’s Sales Volume of Heavy-duty Trucks in 2019 Grew by 2.3%

In 2019, China sold 1.174 million units heavy-duty trucks, up by 2.3% year on year. For three consecutive years, China’s sales of heavy-duty trucks has maintained positive growth.

FAW Jiefang sold 275,239 units heavy-duty trucks in 2019, up by 5.5% year on year. For four consecutive years, the company remained the top place in China.

Dongfeng’s sales volume of heavy-duty trucks reached 240,618 units in 2019, up by 10.9% year on year.

CNHTC’s sales volume of heavy-duty trucks grew by 0.6% year on year, reaching 190,915 units. The company also made breakthroughs in intelligent

vehicles. Recently, 25 units autonomous driving electric trucks arrived in Tianjin port for operation.

SHACMAN sold 177,321 units heavy-duty trucks, up by 3.1% year on year.

The combined sales volume of heavy-duty trucks of the top four players in China reached 880,000 units, down by 7.3% year on year. Their combined market shares reached 77.19%, five percentage points lower than that in 2018.

Foton Daimler witnessed the sharpest downward movement among the top ten heavy-duty truck players in China with its annual sales volume in 2019 reaching 85,978 units, down by 22.1% year on year.

SAIC Hongyan sold 58,077 units heavy-duty trucks in 2019, up by 0.1% year on year, ranking the sixth place in the industry. By working with CIMC RJST, Hongyan has rolled out gas-powered trucks for Yangshan port in Shanghai.

JAC sold 38,124 units heavy-duty trucks, down by 6.0% year on year, ranking the seventh place. Dayun Motor sold 32,341 units heavy-duty trucks, up by 0.1% year on year, ranking the eighth place.

XCMG sold 21,600 units heavy-duty trucks in 2019, up by 25.03% year on year, ranking the ninth place in the industry. Its business revenue reached 7.2 billion RMB.

Hualing Automobile sold 20,184 units heavy-duty trucks in 2019, down by 7.1% year on year, ranking the tenth place in the industry. Its market share dropped by 0.2%.